The idea of custom-made glasses began in 2013, when Richárd Nagy, at that time a student in Glasgow, could not find glasses suiting him in size and design, recalls the press release. Together with Balázs Slezák, Nagy set up my3Dreams, an online market based on secure 3D model data transmission. The idea was further developed in the Start-Up Chile incubator, but it turned out not to be a viable business.
Slezák and Nagy then reshaped the business into the design and production of spectacles, renaming it Forma Eyewear. Though not immediately successful, by 2016 it started to turn a profit.
In the latest development, FHO made an acquisition offer, accepted by Forma. Production and logistics will be transferred from the Netherlands to Hungary, with the procedure set to be completed by the end of next month. The value of the acquisition has not been made public.
Following the acquisition by FHO, Forma glasses will be available in more than 100 locations throughout Hungary and Austria, together with more efficient manufacturing processes, shorter lead times, and more affordable prices, the press release states.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
